BUSINESSglobal
Genco rejects Diana takeover bid
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Updated 3 hours ago
First seen March 20, 2026 18:31:46Stay on top of this story
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Quick Summary
US-listed dry bulk owner Genco Shipping & Trading has rejected a revised takeover proposal from Greece’s Diana Shipping, saying the offer undervalues the company and carries significant execution risks. Genco’s board, acting on advice from a special committee of independent directors, turned down the $23.50-per-share all-cash proposal, which targets shares not already held by Diana. …